Short Interest in First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) Decreases By 30.6%

First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) was the recipient of a large decrease in short interest in February. As of February 15th, there was short interest totalling 2,500 shares, a decrease of 30.6% from the January 31st total of 3,600 shares. Based on an average daily volume of 60,300 shares, the short-interest ratio is presently 0.0 days.

First Trust Emerging Markets Local Currency Bond ETF Stock Up 0.3 %

Shares of NASDAQ FEMB traded up $0.07 during midday trading on Wednesday, reaching $26.97. The company’s stock had a trading volume of 4,706 shares, compared to its average volume of 62,989. The business’s 50 day moving average price is $26.55 and its two-hundred day moving average price is $27.33. First Trust Emerging Markets Local Currency Bond ETF has a fifty-two week low of $25.60 and a fifty-two week high of $30.11.

First Trust Emerging Markets Local Currency Bond ETF Announces Dividend

The business also recently announced a monthly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 21st were issued a dividend of $0.1325 per share. This represents a $1.59 annualized dividend and a dividend yield of 5.89%. The ex-dividend date was Friday, February 21st.

Institutional Investors Weigh In On First Trust Emerging Markets Local Currency Bond ETF

Several institutional investors and hedge funds have recently bought and sold shares of the company. FSB Premier Wealth Management Inc. lifted its holdings in shares of First Trust Emerging Markets Local Currency Bond ETF by 16.6% during the 4th quarter. FSB Premier Wealth Management Inc. now owns 10,791 shares of the company’s stock worth $280,000 after acquiring an additional 1,536 shares during the period. GTS Securities LLC bought a new position in First Trust Emerging Markets Local Currency Bond ETF in the 4th quarter valued at approximately $291,000. KKM Financial LLC boosted its position in First Trust Emerging Markets Local Currency Bond ETF by 33.3% in the third quarter. KKM Financial LLC now owns 11,713 shares of the company’s stock valued at $339,000 after buying an additional 2,928 shares in the last quarter. Spire Wealth Management grew its stake in shares of First Trust Emerging Markets Local Currency Bond ETF by 111.2% during the fourth quarter. Spire Wealth Management now owns 11,965 shares of the company’s stock worth $311,000 after buying an additional 6,299 shares during the last quarter. Finally, Benjamin Edwards Inc. bought a new position in shares of First Trust Emerging Markets Local Currency Bond ETF in the 4th quarter valued at $342,000.

First Trust Emerging Markets Local Currency Bond ETF Company Profile

The First Trust Emerging Markets Local Currency Bond ETF (FEMB) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund that invests in a broad range of bonds issued by emerging-market sovereign, sub-sovereign and quasi-sovereign entities, denominated in local currencies.